Emefiele bows to pressure as CBN raises weekly individual withdrawal limits to N500,000, N5m for firms

The Central Bank of Nigeria (CBN) on Wednesday bowed to pressure from many Nigerians and lawmakers as it announced an upward review of its cash withdrawal limits directive. Individuals can…

Read More Emefiele bows to pressure as CBN raises weekly individual withdrawal limits to N500,000, N5m for firms

Naira redesign: CBN issues revised cash policy, withdrawal above N100,000, N500,000 attract 5%, 10% charges

Our reporter/ The Central Bank of Nigeria, CBN, has issued a revised cash withdrawal policy, stating that cash withdrawals above N100,000 and N500,000 will henceforth attract 5 per cent and…

Read More Naira redesign: CBN issues revised cash policy, withdrawal above N100,000, N500,000 attract 5%, 10% charges